Let's go back in while, price seems to be rejecting at resistance level back in 2018.
we see a huge fall after 2018 falling as far as 79%, price is rejected at support which was formed back in 2014-2015.
Moral of the story : we check history to forecast present!!
Some Ethics :
1. resistance breakout after long span of time (3 years)
2. target identified as...
Points of Ethics :-
1) Strong selling at level 441 if price Falls below this level lower level AT 408.30 can be seen and also we have strong buying area at the same level AT price 408.30 so we can see another reversal for the price to move near resistance around 496 to 517
2) If the price does not cross 438.40 then we can see further reversal and we can go...
GHCL NSE is bullish if 680 holds. New Lifetime High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
Look at the overall trend. See how bullish it is.
We had a shallow pullback to the last breakout.
That gap has now been covered.
One can add longs at cmp, with sl as today's low.
GHCL CMP - 191.50
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy at or Above 192.50 / Stop Loss 187
Target 1 - 195
Target 2 - 197
Target 3 - 199 / 202
Disclaimer: This is my view and for educational purpose only.
